Alderon: Metallurgical Testwork Indicates Marketable Sinter Feed Product
03 Août 2011 - 2:30PM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
is pleased to announce preliminary metallurgical results based on
analysis and interpretation by BBA Inc. of the testwork available
to date on the 100% owned Kamistiatusset ("Kami") Iron Ore Project
in western Labrador. Projected weight recovery and iron recovery
will be 37.8% and 82.8% respectively. The concentrate produced will
have a P50 of approximately 167 microns and a P80 of 263 microns.
Based on Alderon's preliminary market survey, it is believed that
this particle size distribution will be an acceptable product for a
sinter feed application.
The Kami Project Scoping Study scheduled for September 2011,
will consider the production of a single combined concentrate from
spiral separation ("spirals") and from a magnetic separation
processing plant ("mag-plant"). Approximately 78% of the total
concentrate is expected to be produced by the spirals and 22% by
the mag-plant.
Results suggest that a concentrate with the following chemical
composition can be produced:
--------------------------------
Fe 65.5%
--------------------------------
Mag 65.1%
--------------------------------
Hem 26.3%
--------------------------------
SiO2 4.5%
--------------------------------
Mn 0.75%
--------------------------------
Al2O3 0.20%
--------------------------------
MgO 0.43%
--------------------------------
CaO 0.44%
--------------------------------
TiO2 0.04%
--------------------------------
Cr2O2 less than 0.01%
--------------------------------
V2O5 less than 0.01%
--------------------------------
P2O5 less than 0.01%
--------------------------------
S 0.053%
--------------------------------
Complete testwork results, as well as their detailed analysis
and interpretation, will be released as part of the Scoping
Study.
"The positive metallurgical results are another significant step
in bringing the Kami Project into operation," says Brian Penney,
Chief Operating Officer of Alderon. "The concentrate particle size
distribution indicated by the testwork demonstrates that magnetic
separation will provide a concentrate acceptable for market
demands. The concentrate is expected to have very low deleterious
elements with phosphorous being less than 0.01% and alumina at only
0.20%. Manganese is within acceptable range at 0.75%, which will
allow for the broadest possible market for the Kami product as it
is well below the critical 1% cut-off."
Metallurgical Testwork
The testwork was performed over a range of particle sizes and
included analysis of over 850 drill core samples with the following
analytical techniques: Heavy Liquid Separation, Davis Tube
Analysis, Wilfley Table and High Definition Mineralogical Analysis
using a Quantitative Evaluation of Minerals by Scanning Electron
Microscopy (QEMSCAN). The testwork was performed by SGS Minerals
Services, an independent laboratory in Lakefield, Ontario.
About Alderon
Alderon is a leading iron ore development company in Canada with
offices in Vancouver, Toronto, Montreal and St. John's. The 100%
owned Kami Project is located within Canada's premier iron ore
district and is surrounded by four producing iron ore mines. The
Alderon team is comprised of skilled professionals with significant
iron ore expertise to advance Kami towards production.
Brian Penney, P.Eng., the Chief Operating Officer for Alderon
and a Qualified Person as defined by NI 43-101 has reviewed and
approved the technical information contained in this news release.
Mr. Penney has verified the data disclosed in this news release,
including sampling, analytical and test data underlying the
information disclosed in this news release.
For more information on Alderon, please visit our website at
www.alderonmining.com. Additional information about the Kami
Project can be found in the technical report filed on SEDAR at
www.sedar.com entitled "Technical report and Mineral Resource
Estimate on the Kamistiatusset property, Newfoundland and Labrador
for Alderon Resource Corp." dated May 20, 2011.
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J Morabito, President & CEO
Cautionary Note Regarding Forward-Looking Information
Information set forth in this news release may involve
forward-looking statements under applicable securities laws.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and
often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or
event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than
statements of historical fact, included herein including, without
limitation; statements about the composition of a concentrate that
can be produced from the Kami Project, the timing for completion of
a scoping study, the estimated percentage of concentrate produced
from spirals or by mag-plant, projected weight recovery and iron
recovery, that concentrate will meet market demands, costs and
budgets related to the Kami Project, the pellet plant not being
constructed and future exploration on and the development of the
Kami Project are forward-looking statements. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks
associated with mineral exploration; the possibility that the
testwork may not be demonstrated on a larger scale; the need for
permits; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key
personnel; the potential for conflicts of interest among certain
officers, directors or promoters with certain other projects; the
absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified
in the "Risk Factors" section of the Company's Annual Information
Form for the year ended December 31, 2010 other reports and filings
with the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that
statements are made and Alderon undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Alderon Resource Corp. Konstantine Tsakumis Investor
Relations 1-866-683-8030 or 604-681-8030 604-681-8039 (FAX)
info@alderonmining.com www.alderonmining.com
Alderon Iron Ore Corp (TSXV:ADV)
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